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Portland Real Estate Update By Rob Levy

Portland Real Estate Update Feb '17

 

The Portland metro area started the year with a little mixed activity this January. New listings (2,212) rose 55.7% from December (1,421)
but fell 12.2% short of the 2,519 new listings offered last year in January 2016.  Similarly, pending sales (1,990)
ended 13.3% stronger than last month in December (1,757) but were 11.3% cooler than last January (2,243). Closed sales, at 1,847, fell just
0.6% short of the 1,859 closings recorded last year in January 2016 but ended 29.5% below the 2,621 closings recorded last month in
December 2016. Total market time increased by nine days in January, ending at 58 days. During the same period,inventory rose slightly to 1.7 months.
There were 3,214 active residential listings in the Portland metro area in January.
Average and Median Sale Prices: Comparing the average price of homes sold in the twelve months ending January 31st of this year ($398,400) with the verage price
of homes in the twelve months ending January 2016 ($355,600) shows an increase of 12.0%. In the same comparison, the median has
increased 12.9% from $309,900 to $350,000.

 

The Portland metro area started the year with a little mixed activity this January. New listings (2,212) rose 55.7% from December (1,421)but fell 12.2% short of the 2,519 new listings offered last year in January 2016.  Similarly, pending sales (1,990)ended 13.3% stronger than last month in December (1,757) but were 11.3% cooler than last January (2,243). Closed sales, at 1,847, fell just0.6% short of the 1,859 closings recorded last year in January 2016 but ended 29.5% below the 2,621 closings recorded last month inDecember 2016. Total market time increased by nine days in January, ending at 58 days. During the same period,inventory rose slightly to 1.7 months.There were 3,214 active residential listings in the Portland metro area in January.


Average and Median Sale Prices: Comparing the average price of homes sold in the twelve months ending January 31st of this year ($398,400) with the verage priceof homes in the twelve months ending January 2016 ($355,600) shows an increase of 12.0%. In the same comparison, the median hasincreased 12.9% from $309,900 to $350,000.

 

Download Our APP To See Inside Any Home Around You

At the Rob Levy team we are proud of our new iPhone and Android APP, and have had many clients download and use the APP.  Surveys show people love the fact they can pull up in front of any house and it shows most of the MLS stats on any house around them.  On the app you can also search homes and save the search, as well as contact us directly.

You can download the iPhone version here.... CLICK HERE

You can download the Android version here....  CLICK HERE

Note, read this newsletter on your phone to download directly onto your phone.  The address is www.roblevy.com/newsletter

50 ways house hunters can get ready for homebuying season

Here is a great article from USA Today with a solid 50 things that a home buyer (and also seller who is selling to buy) can and should do to prepare for the exercise.  I can honestly say in my almost 30 years as one of Portland's top selling Realtors that every one of these can trip someone up.  Check out the list on the USA Today site.....  http://usat.ly/2mf2DSl